Members' Research Service By / May 17, 2022

Proposal to amend Directive (EU) 2019/1153: Single access point to bank account registries [EU Legislation in Progress]

The search to obtain, and retain, profits from crime is a key motivation of financial crime, including money laundering. For this reason, financial investigation is a valuable tool in the investigation and prosecution of these crimes.

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Written by Ann Neville (1st edition).

Financial information is vital for the investigation of serious crime and for the freezing of the proceeds of crime, but EU investigators often lack the tools for effective investigation, especially when dealing with cross-border crime. The proposed amendment to Directive (EU) 2019/1153 would allow designated competent authorities responsible for the prevention, investigation, detection or prosecution of criminal offences to access and search Member States’ centralised bank account registers through a single access point. This would enable them to establish almost immediately whether an individual holds bank accounts in other Member States and identify to which Member States they should make a formal request for additional information.


Use of financial and other information for the prevention, detection, investigation or prosecution of certain criminal offences: single access point
Committee responsible:Committee on Civil Liberties, Justice and Home Affairs (LIBE)COM(2021) 429 final
Rapporteur:Emil Radev (EPP, Bulgaria)2021/0244(COD) – 20/07/2021
Shadow rapporteur:Caterina Chinnici (S&D, Italy)
Fabienne Keller (Renew, France)
Damien Carême (Greens, EFA, France)
Tom Vandendriessche (ID, Belgium)
Joachim Brudziński (ECR, Poland)
Clare Daly (The Left, Ireland)
Ordinary legislative procedure
(COD) (Parliament and Council
on equal footing – formerly ‘co-decision’)
Next steps expected: Publication of draft report

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